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's investment in foreign-policy is national security insurance. there is nothing foreign about foreign policy anymore. smartcan make the small,. w vestments upfront and avoid more costly conflicts and greater burdens down the road. , we'vepast few months seen developments underscore the state -- stakes for having a strong and -- strong american presence in the world. that was a positive step toward stability in the volatile region of the world where we need partnerships. the committee is more than immersed in suyyruiaia. we have treated millions to humanitarian relief -- we have provided millions to humanitarian relief. i expect we will talk about syria somewhat today. having returned from beijing and north koreathe issue took center stage, we are reminded once again that america is the guardian of global security. we should be proud of that. one not turn our back on keys nor will we hesitate what we need to do to defend our allies. if budget is an analyst patient of our values and priorities -- this budget is an illustration of our values and priorities. i have a record of wanting to do defi
issues in difficult american foreign policy. when do we get involved in an atrocity going on within someone else's country. that's a very tough question. would we have intervened in germany in 1938 if we knew what was going on. i think we all like to say we we d have and if we could, would have stopped it. it presupposes and the implication is we have a right do that anywhere in the world if there's an atrocity going on. that a u reflect on little bit? >> thank you, senator. defined one t significant kpant issue -- of militaryal basis intervention in the country. certainly every nation has a themselves in t their own history of self-defense. but to answer your question, you of the dimensions of his that you laid out, as did amplify on psey who cuts back ations and on the quell, when do we do this. what basis? we canthere a frame work follow? y answer is you start with the realities. these are both imperfect different situations. out, i dempsey laid think, rather clearly some of he dimensions of each of the countries in that region. self-interest. you have others who have self-inter
think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commitment from the ecb to protect the euro, this has depressed yields to these kind of levels. i think it's difficult to see us going dramatically further. and if anything, strategically, we think that the three major problems in europe, the recession, inconsistent crisis management and rising political and social backlash against austerity are likely to come through and that leaves spain and italy very vulnerable to a sharp increase in yields. we're looking, for example, for 10-year
Search Results 0 to 2 of about 3